Archive for January 2017

According to a Fitch Ratings report issued last year, the directors & officers (D&O) market “has great notoriety relative to its size.” Representing a small segment of the property/casualty market, D&O coverage equals about one percent of total industry direct … Source: Claims Journal

Across the region, police officials have big ideas about how drones could bolster residents’ safety and wellbeing. They could spot missing people, houses with blight or uncovered manholes. They could document accident scenes from the sky. They could determine when … Source: Claims Journal

Hundreds of insurance professionals and representatives from local nonprofits will convene on Thursday, March 16 for the Insurance Industry Charitable Foundation’s (IICF) annual Horizon Award Gala. Held at the Natural History Museum of Los Angeles, the IICF Western Division will … Source: Claims Journal

Ocean rise already is worsening the floods and high tides sweeping California this stormy winter, climate experts say, and this month’s damage and deaths highlight that even a state known as a global leader in fighting climate change has yet … Source: Claims Journal

On January 23, 2017, the California Supreme Court ruled that the insurance Commissioner of that state was given the power by the legislature to specify what factors must be covered by replacement cost estimate tools used by insurers in connection … Source: Claims Journal

The lasting effects of Superstorm Sandy continue to wash across New Jersey, evident today on a century-old railroad bridge that nearly became a casualty of the ferocious October 2012 onslaught. The storm surge from the Atlantic Ocean up into the … Source: Claims Journal

Insurers and consumers can benefit in multiple ways as more smart appliances and devices move into homes, according to Joe Wodark, director of product development for Verisk Insurance Solutions. First notice of loss, settlement and subrogation are all claims processes … Source: Claims Journal

Environmental groups, the Nez Perce Tribe and the U.S. Forest Service said Friday that they have reached a settlement in a lawsuit over huge “megaload” shipments on a scenic northwestern Idaho highway by tractor trailers. The shipments had been on … Source: Claims Journal

The United States has long relied on its borders and superior military might to protect against and deter foreign aggressors. But a lack of boundaries and any rulebook in cyberspace has increased the threat and leveled the playing field today. … Source: Claims Journal

Injuries in the NFL decreased this season, including concussions. Emphasizing that players are doing more self-reporting of head injuries, the league released data Thursday that show overall concussions for the preseason and regular season were down from 275 in 2015 … Source: Claims Journal